multiple choice

10:16 Drive 4G 1. The concept of accountability doesn't refer to: a. Accountability is the foundation of federal government financial reporting, b. Accountability is secondary to all financial reporting in government c. Accountability arises from citizens "right to know". d. Accountability imposes a duty on public officials to be accountable to citizens for raising public monies and how they are spent. 2. One characteristic that distinguishes other financing sources from revenues is that other financing sources: a. Provide financial resources for the recipient fund. b. Increase fund balance when they are closed at year-end. c. Have a normal credit balance. d. Arise from debt issuances or inter-fund transfers in 3. Assets and liabilities of activities for which the government is acting as an agent for individuals, organizations, other governments should be reported in: a. The fiduciary fund financial statements. b. The fiduciary column of the government-wide financial statements. c. Both government-wide and fiduciary fund statements. d. Neither government-wide nor fiduciary fund statements. or 4. Which of the following is excluded in the minimum requirements for general purpose external financial reporting of a government? a. Management's Discussion and Analysis. b. Comprehensive Annual Financial Report. Pacie financinlctntamant